Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Fri, Sep 29, 2017 - Wed, Oct 4, 2017
IRIS Business Services IPO is a fixed price issue of ₹16.01 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹16.01 crore.
IRIS Business Services IPO bidding started from Sep 29, 2017 and ended on Oct 4, 2017. The shares got listed on BSE SME on Oct 11, 2017.
IRIS Business Services IPO price is ₹32 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,56,000.
Pantomath Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Asit C.Mehta Investment Interrmediates Ltd..
Refer to IRIS Business Services IPO RHP for detailed Information.
IPO Open
Fri, Sep 29, 2017
IPO Close
Wed, Oct 4, 2017
Issue Price
₹32 per share
Market Cap (Pre-IPO)
₹60.41 Cr
| IPO Date | 29 Sep to 4 Oct, 2017 |
| Listed on | Wed, Oct 11, 2017 |
| Face Value | ₹10 per share |
| Issue Price | ₹32 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 50,04,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 2,60,000 shares Asit C.Mehta Investment Interrmediates Ltd. (agg. up to ₹0.8320 Cr) |
| Fresh Issue (Ex Market Maker) | 47,44,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 47,44,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,38,75,162 shares |
| Share Holding Post Issue | 1,88,79,162 shares |
| BSE Script Code | 540735 IRIS |
| ISIN | INE864K01010 |
IRIS Business Services IPO comprises a total issue size of 50,04,000 shares. The net offer to the public is 47,44,000 shares, after excluding 2,60,000 shares allotted on a firm basis. Of the Net offer 23,72,000 (50.00%) allocated to NII 23,72,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 23,72,000 | 50.00% | 47.40% |
| Retail Shares Offered | 23,72,000 | 50.00% | 47.40% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,60,000 | 5.20% | |
| Total Shares Offered | 50,04,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,28,000 |
| Retail (Max) | 1 | 4,000 | ₹1,28,000 |
| HNI (Min) | 2 | 8,000 | ₹2,56,000 |
Incorporated in 2000, IRIS Business Services Limited engaged in providing software products, services and solutions for compliance, data, and analytics worldwide. They offers IRIS iDEAL- a regulation reporting application for banks and financial institutions; IRIS iFILE- an end to end data filing platform for regulators and IRIS CARBON - a cloud-based filing platform that helps companies and mutual funds to meet their enterprise reporting needs.
They serves enterprises, business registers, central banks, stock exchanges, BFSI organizations and governments. They also provide solutions to the regulated, including corporates, Banks, Mutual Funds. They are operating in the domestic as well as overseas markets.
The company also provides IRIS Data Consumption Platform, a structured data repository to access financial and non-financial data of public and private companies; IRIS FinX - an integrated consolidation application which enables end to end financial reporting by extracting data from source ERP systems, multiple databases, or spreadsheets; and IRIS GST - an application to file GST as well as XBRL conversion, consulting and training services.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of debt | 3.00 |
| 2 | Sales & Marketing | 4.00 |
| 3 | Product Development | 5.00 |
| 4 | General Corporate Purpose | 3.51 |
The IRIS Business IPO is subscribed [.] times on October 4, 2017 5:00:00 PM (Day 3). The public issue subscribed [.] times in the retail category, [.] times in the QIB category, and [.] times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.35 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹32.00 |
| Open | ₹34.00 |
| Low | ₹34.00 |
| High | ₹38.40 |
| Last Trade | ₹35.35 |
Lead Manager Reports
IRIS Business Services IPO is a SME IPO of 50,04,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹32 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Sep 29, 2017, and closes on Wed, Oct 4, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in IRIS Business Services IPO using UPI as a payment gateway. Zerodha customers can apply in IRIS Business Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in IRIS Business Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The IRIS Business Services IPO opens on Fri, Sep 29, 2017 and closes on Wed, Oct 4, 2017.
IRIS Business Services IPO lot size is 4000, and the minimum amount required for application is ₹1,28,000.
You can apply in IRIS Business Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for IRIS Business Services IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the IRIS Business Services IPO allotment status.
The IRIS Business Services IPO listing date is on Wed, Oct 11, 2017.
